Too Smart?

By Derek

It's become intuitively obvious to the casual observer that the Obama administration is in way over their head. The gaffes and failures are mounting daily, some of the stories are so bad that nobody could have made them up. With that being said, here is the Freakonomics blog's take on Obamanomics:

Obama comes from the tradition that thinks you can get your way on social justice and economic issues without affecting productivity very much — and that’s simply living in a dream world. … [Obama and his economics team] are very smart, but the problem is these high-I.Q. guys always think they can square the circle; they always believe they can beat the system with a cleverer system, and they always fail.
The last line is the money quote...



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